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Re: johnny2525 post# 23654

Wednesday, 09/24/2008 12:19:50 AM

Wednesday, September 24, 2008 12:19:50 AM

Post# of 43413
That could very well be what he meant johnny2525. I think that the deal closing on the 23rd was what the Vegas buzz was all about. As far as when they announce it publicly is another question. Material events must be announced without delay according to SEC rules. If that is the case, then News comes today (24th).

SEC Rules re: Announcement of Material Events:

The U.S. Securities and Exchange Commission's (SEC's) Regulation Fair Disclosure, also commonly referred to as Regulation FD or Reg FD was an SEC ruling implemented in October 2000 ([1]). It mandated that all publicly traded companies must disclose material information to all investors at the same time.

The regulation sought to stamp out selective disclosure, in which some investors (often large institutional investors) received market moving information before others (often smaller, individual investors).

Regulation FD changed fundamentally how companies communicate with investors, by bringing better transparency and more frequent and timely communications, perhaps more than any other regulation in the history of the SEC.

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